Anglo Asian Mining Share Discussion Threads

[mattjos] 18/12/2017 12:29

nothing online again

[2sporrans] 18/12/2017 11:13

You're right Cannonfodder; the Azergold stockpile confuses the 'production' situation hugely. It may be sold down gradually and/or erratically.
We need to beware of either Azerzi or Azergold statistics that conflate [or lead us to conflate] "exports" with mine production; even the word "production" may mislead and comprise sale of stocked gold along with mine production during the given or implied period reported on.

Just so tempting to try and ferret out what AAZ have been producing since end of Sept. [Q3] when we know the Oct./Nov. figures could be made available to us.
Myself, I wouldn't be too frustrated by quarterly production reporting [instead of monthly until recently] if AAZ was just making steady progress.
Ugur production is however a new story; we've only some 4 weeks of known results to go on.
Accepted, the resource situation, most crucially under/around the existing main pit, is more important and when revealed will hopefully prove transformational.

Patience comes easier when reporting is supportive.

[cannonfodd3r] 17/12/2017 04:40

On the production figures side, I don't think it's as clear cut as that's what the two mines 'produced'.

Azergold are still finding their way and don't have infrastructure to increase production hugely, but what they do have is a stockpile of unsold gold from aimroc days that's being fed into the market. With this going on it's impossible to know what real figures are, however it wouldn't surprise me if we find out AIMC have had a record month

[friendzarin] 16/12/2017 18:54

Had a look at GFM on seeing your reference JB. If only we could have as positive
declaration by the Charman when our next RNS arrives.We have a very similar story to tell. A great example of accentuating the positive without hyping or overselling the situation.

[jbravo2] 16/12/2017 10:43

Spot on catsick.
2018 is the year we've been waiting for.
The big loan finishes in August, and that's if it's not taken care of by refinancing before then.
We're throwing off huge wodges of cash now, as will be shown by H2 results.
I'm a little surprised its not started to move before it becomes apparent to all in mid January but when you look at the 3yr chart we are perched around the top of the chart. News will send it up a la GFM etc.

[catsick] 16/12/2017 02:11

I agree that exploration is the priority but they are doing a lot of exploration at very little cost, when you employ the drill staff and have all your own drill equipment on site its a hell of a lot cheaper than most aim explorers who have to contract the work and equipment and get it all to some inhospitable part of the world, for 1-2 million usd a year they can do a hell of a lot of drilling and expand resources faster than they are mining them. Capex is also much lower now than in the past as major works are all done and the benefits from them such as cheap electricity are now also feeding through. Operational cashflow of 30-40 mio usd can cover lots of exploration, plenty of smaller capex projects, pay down more debt and gave some left over for the shareholders!

[jbravo2] 15/12/2017 21:49

Oh yeah, I think I can see it.
It's not just today though, I've seen this "jeanesy" handle being used before. It's often inane rubbish, a stream of consciousness if you will, but usually pretty harmless.
Don't worry hedgehog, it'll pass.


:D

[hedgehog33] 15/12/2017 21:25

Just checked another 'epic' same five contributors on my ADVFN account. Are you guy's seeing this or am I being trolled.?

[hedgehog33] 15/12/2017 21:19

Obviously didn't work.

[hedgehog33] 15/12/2017 21:18

Hi guy's.. just a quick post to keep our great thread on top of the trolls.

[jeanesy] 15/12/2017 21:06

Too much guess work going on here gentlemen.Who knows what contribution azergold made. We will just have to wait and see what our production has been . Not too long to wait until mid jan

[davidspringbank] 15/12/2017 19:36

I'm not really bothered about the figures, as long as they are up on the previous year! The key thing is about debt reduction and stuff dividends, use the money to develop the business.

[basem1] 15/12/2017 19:28

X $700 oz profit = $7.7m profit. This is without silver and copper. Shows how undervalued we really are. Let's get rid of the debt and this will really motor.

[2sporrans] 15/12/2017 17:42

"guessint at about 10-11k oz in November." Terropol

So, taking 10.5k for AAZ, leaves over 7.5k for Azergold.
Seems high for Azergold if their 2017 production was 32k up until end Nov. even allowing for seasonality and fluctuations in grades etc.
However, Chovdar only began producing in May this year but I've just checked out that seems they "exported" 16k Gold in that month.


Even assuming the entire "export" was from stockpiled gold, leaves 6 months production from Chovdar June-Nov. inclusive; a linear rate of about 5.3k a month.
Allowing for Chovdar ramp up, the 7.5k implied Nov. production looks very plausible.

Also ferreted:
"[Azergold]sales of 48 thousand 800 ounces of gold and 68 thousand 400 ounces of silver in the world market through 6 exports handled by “AzerGold” CJSC on April-October 2017."
Allowing that a good chunk of the 16k export for May came from inventory, this seems very supportive of your [Terropol] 32k estimate for mine production of gold from Chovdar over 7 months May-Nov.


If AAZ produced 'only' 10k of the 18+k Azeri gold in November, seems pretty good to me given this excludes the flotation production of copper concentrate [+silver therin].
[assuming AL->SART is Ugur fed 100% Gold; no silver.]
At least 11k of Gold Equivalent then?

[terropol] 15/12/2017 16:31

BASEM1, guessint at about 10-11k oz in November.

ZHOKEY, How long the present mining life do you think is at the moment, without further finds?? I am guessing of 10 years, and that is what we started with.

[basem1] 15/12/2017 15:16

November production numbers any thoughts, confirmation of my thoughts would be massive ?

[jaspoland] 15/12/2017 15:09

Jimmladd1. You make a good example with GFM. It's a share I've been in and out of over the last 5 years. (Currently out). Those that were patient are getting rewarded now with everything lining up nicely for them.
I see the same happening here, just need to be patient and things will fall into place. Gold going higher would obviously help.

[jimmladd1] 15/12/2017 15:00

OT and Re div, repaying the debt would help, just have a look at GFM to see how that worked... (Just an example not a ramp, and low zinc stocks are also helping that share, but the debt paydown has given that some boost)...

[celeritas] 15/12/2017 14:22

Interesting vid regarding the petrodollar which if it does happen will cause a huge increase in the gold price.

[bleepy] 15/12/2017 13:17

BRITISH EMBASSY VISIT TO GEDABEK

Excellent exploration & development potential Gedabek area

EXPLORATION ONGOING AND PLANNED FOR ORDUBAD AND GOSHA AREAS



EXPLORATION ongoing and planned for Gedabek open pit and deep mine, major exploration and expansion carried out at Gadir underground mine, exploration ongoing at Soledad and Bittibulag.

A 3yr expansion and exploration plans to be disclosed by year end.

Ugur discovered, explored and brought to full production within 12mths.

The above is what we know thus far so a.n.other exploration sites might well be disclosed in plans.

Much is expected from extension of Gedabek open pit and what lies beneath.

[basem1] 15/12/2017 13:10

That's as much as the entire last quarter July-September. Hope it's correct, those numbers are brilliant.

[basem1] 15/12/2017 13:07

Do the above numbers suggest that AAZ have produced circa 14,500oz in November ? Our costs per oz must be falling by the day.

[zhockey] 15/12/2017 12:53

Catsick, paying a div now would be madness and would not cause a retate. They need to secure the future of the company through finding reserves.

[terropol] 15/12/2017 09:41

Up to end of november AzeriGold produced 32k oz of gold.
I spoke to an Azerigold manager in London.